Financial Information

Shark Tank Balance Sheet


Ir-Wrist-Ist-AbleBalance SheetMay 31, 2012

ASSETS Cash $45,000 Account Receivable $2,000 Equipment $24,695.00 TOTAL ASSETS $59,545.00

LIABILITIES AND CAPITAL Liabilities: Accounts Payable $1,200 Loan Payable $20,000.00 Total Liabilities $21,200.00 Capital (Net Worth): $38,345.00 Total Liabilities And Capital $59,545.00

Ir-Wrist-Ist-AbleIncome StatementApril 1, 2012 to April 31, 2012
Income
Revenue (Income from Sale of Products) $3,900,000

Less Cost of Goods Sold (what was paid for production and materials) - $1,700

Gross Margin (profit made from selling products) $2,200.00


Expenses

Rent $ 975
Utilities $135
Employee Wages $1,100
Employee Benefits $110
Advertising $120

Less Total Expenses - $2,440.00


Net Profit (money we made) or Loss (money we lost) $240.00 (LOST)